Property Attributes

Listing Provided Courtesy Of:

Handoko Chen with GIG Real Estate Inc..

Property Description

Huntington Place – 855-875 W Huntington Drive is a prominent 42-unit value-add apartment community located in the highly desirable City of Arcadia, CA. This offering presents an extremely rare opportunity for investors to acquire one of largest apartment community in the affluent City of Arcadia, CA. The property is being offered as one of the highest CAP Rate and lowest GRM in comparison to Arcadia multifamily sales comparable in the past 12 months!
The property is unique due to its size and its superb location just a block away from the highly popular Westfield Santa Anita Mall and Santa Anita Race Track, providing unparalleled access to some of the main attractions in the West San Gabriel Valley submarket. The property is located within the prestigious and desirable Arcadia Unified School District and enjoys superb demographics of $110,749 average household incomes within a 3-mile radius. It is surrounded by newer townhomes on its east and west side, and single-family residential community on its north side.
The property is a two-story garden style apartment community with a beautiful center courtyard and ample parking in both the front and back. It was built in 1953 and has a total of ±34,972 square feet of building area on an oversized lot of ±55,503 square feet. The property consists of 3 different parcels and buildings.

Elementary School

Middle School

High School

Unknown Elementary School

Unknown Middle School

Unknown High School

Price History

5/7/2018

Listed $15,750,000

General Features

Attached Structure

Attached

Community Features

Suburban, Valley

Directions

FWY 210 EXIT BALDWIN AVE, go south and make right on Huntington Dr.

HOA Fee

0.00

Levels

Two

Listing Agent

Handoko Chen - BRE#01749321

Listing Agent State License

01749321

MLS Area

605 - Arcadia

Price Per Square Foot

450.36

Property Attached Y/N

Yes

Special Listing Conditions

Standard

Total Units

42

Zoning

ARR3*

Interior Features

1st Bedroom Area Unit Type

Square Feet

2nd Bedroom Area Unit Type

Square Feet

3rd Bedroom Area Unit Type

Square Feet

Air Conditioning Y/N

Yes

Common Walls

2+ Common Walls

Cooling

Wall Window, See Remarks

Fireplace Features

Living Room, See Remarks

Fireplace Y/N

Yes

Garbage Disposal Count

42

Heating

Floor Furnace, Wall Heater, See Remarks

Heating Y/N

Yes

Laundry Features

Community

Laundry Y/N

Yes

Number of Wall ACs

42

Range Count

42

Studio Area Unit Type

Square Feet

Total Stories

2

Utilities

Phone Connected, Sewer Connected, Water Connected

Exterior Features

Building Area Total

34972.00

Carport Spaces

36.00

Garage Spaces

3.00

Lot Features

Lot Over 40000 Sqft

Lot Size Source

Assessor

Lot Size Square Feet

55507.00

Lot Size Units

Square Feet

Number of Buildings

3

Number of Separate Electric Meters

43

Number of Separate Gas Meters

43

Number of Separate Water Meters

1

Parking Features

Assigned, Carport, Covered Parking, Driveway

Parking Y/N

Yes

Patio Count

4

Pool Features

Community Pool, In Ground

Total Parking

66.00

Uncovered Spaces

27.00

Water Source

Public

Amenities

Foreclosure

Views

Short Sale

New Construction

Adult

Lease To Own

No HOA Fees

Furnished

Pets

Master On Main

Air Conditioning

Seller Finance

Green

Fixer Upper

Horse

Golf

Fireplace

Deck

Garage

Basement

Pool

Property vs Zip Code Average in 91007

Price

AVG $4.19M

$15.75M

Visits

AVG 112

330

Year Built

AVG 1963

1953

Walkscore

AVG 72

69

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Testimonials

"
I dealt with Steve over 25 years ago but I still remember him for his professionalism and persistence.
On Saturdays, he would walk my Norwalk neighborhood leaving flyers, and this is how I became acquainted with him. When it came time to sell my home, I would have listed with Steve had my brother not also been an agent. It turns out that Steve brought us a buyer and he was involved with the sale / purchase of my home amyway. He had a great attitude and kept us informed throughout the deal. Things couldn't have gone more smoothly. Great job Steve!
"

MLS® Disclaimer

Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2018 3:40 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Based on information from CARETS as of August 14, 2018 3:40 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2018 3:34 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Based on information from CARETS as of August 14, 2018 3:34 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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